Devaluation Axis IOCL card devalued

[Rohith_Kumar_Sp]

So is it batter to cancel the card?

 

[praveensudhakaran]

Thinking the same, HDFC INDIAN OIL?

 

[CARDBITRAGE]

An already useless card became more useless.

 

[SSV]

An already useless card became more useless.

may be you are looking for the right word..
useless + useless = SCRAP

 

[vamsikrishna1997]

I have all 3 ace, airtel& iocl and it's a real shock to me yesterday. Can anyone explain from now on we should do a minimum transaction of 400₹ of fuel purchase to get reward points on iocl card? Or 400₹ min.transaction is to avail surcharge waive off only?

Also in my view Iocl card is not completely useless or useful either.

 

[Aditya Jha]

I have all 3 ace, airtel& iocl and it's a real shock to me yesterday. Can anyone explain from now on we should do a minimum transaction of 400₹ of fuel purchase to get reward points on iocl card? Or 400₹ min.transaction is to avail surcharge waive off only?

Also in my view Iocl card is not completely useless or useful either.

If someone has LTF iocl, then not much affected my devaluation as it's already a rewardless card but for paid card it has become more useless

 

[Vasuki]

Thinking the same, HDFC INDIAN OIL?

Axis iocl still make sense with car owner
Hdfc iocl is garbage of garbage

 

[Vasuki]

So is it batter to cancel the card?

Fuel 4% still makes sense

I have all 3 ace, airtel& iocl and it's a real shock to me yesterday. Can anyone explain from now on we should do a minimum transaction of 400₹ of fuel purchase to get reward points on iocl card? Or 400₹ min.transaction is to avail surcharge waive off only?

Also in my view Iocl card is not completely useless or useful either.

For illustration

If u did 100 -399 rs fuel via card - there was 10rs surcharge+ gst

From 400 above 1+ gst ..

We used to get surcharge back 1% .

But trick was on upi there was no surcharge.
So 100-400 made sense .
But since upi fuel spends will also have surcharge .
400-4000 makes sense if less cancel it

It gives 1% on online spend/ upi 😂

 

[praveensudhakaran]

Axis iocl still make sense with car owner
Hdfc iocl is garbage of garbage

For car - diesel around 2500/pm
For bikes - petrol around 2000/pm

Usual run. This itself goes out of monthly cap now😭